Backblaze Initiates Restructuring Plan to Boost Efficiency

Backblaze ( (BLZE) ) has provided an update.

In November 2025, Backblaze initiated a restructuring plan to improve efficiency and enhance its sales and marketing performance, expecting to incur charges of $4.4 million to $6.0 million. For the third quarter of 2025, Backblaze reported a 28% revenue growth in B2 Cloud Storage and a 14% overall revenue growth, with a gross margin expansion to 62%. The company achieved record non-GAAP net income and adjusted EBITDA margin, marking significant milestones towards free cash flow generation.

The most recent analyst rating on (BLZE) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Backblaze stock, see the BLZE Stock Forecast page.

Spark’s Take on BLZE Stock

According to Spark, TipRanks’ AI Analyst, BLZE is a Neutral.

Backblaze’s overall stock score is primarily influenced by its financial performance challenges, including ongoing profitability issues and negative returns on equity. The earnings call provided a positive outlook with strong growth driven by AI opportunities, but concerns about sustainability and challenges in certain segments remain. Technical indicators suggest a lack of strong directional momentum, and the valuation reflects market caution due to the company’s losses.

To see Spark’s full report on BLZE stock, click here.

More about Backblaze

Backblaze (NASDAQ: BLZE) is a high-performance cloud storage platform that accelerates AI workflows, powers data-heavy applications, streamlines media management, and protects critical data. It provides interoperability that enables over 500,000 customers to serve hundreds of millions of end users in 175 countries.

Average Trading Volume: 705,847

Technical Sentiment Signal: Buy

Current Market Cap: $545.8M

See more insights into BLZE stock on TipRanks’ Stock Analysis page.